Foreclosures fall from year ago: Business briefs

Updated 10:48 pm, Friday, May 3, 2013

Foreclosure rates in Bridgeport-Stamford-Norwalk decreased for February compared with the same period last year, according to data from CoreLogic. The rate of area foreclosures among outstanding mortgage loans was 4.28 percent, a decrease of 0.66 percentage point from February 2012, when the rate was 4.94 percent. Foreclosure activity in the area was higher than the national rate, which was 2.85 percent for February 2013. Also, according to CoreLogic data, 7.50 percent of mortgage loans were 90 days or more delinquent compared to 7.68 percent for the same period last year, representing a decrease of 0.18 percentage points.

Acme amends HSBC loan agreement

Acme United Corp. announced that it has amended its loan agreement with HSBC Bank dated April 5. The current five-year facility provides for borrowings up to $30 million at a rate of LIBOR plus 1.75 percent. The amended agreement provides for borrowings up to $40 million at the same rate. The agreement expires in 2017. It is intended to provide liquidity for growth, share repurchases, dividends, acquisitions and related activities.

Tourney director

at women's council

The Women's Leadership Council, an affiliate of the Bridgeport Regional Business Council, will meet at 12 p.m. on May 8 for the WLC annual luncheon at Vazzano's Four Seasons, 337 Kenyon Street, Stratford. It will feature Anne Worcester, tournament director of the New Haven Open at Yale, and chief marketing officer of Market New Haven. The council will also announce the 2013 program of events. The cost to attend is $40 for employees of Bridgeport Regional Business Council members and $50 for non-members. For information or to register, visit www.brbrc.org.